Binance will stop processing HTX deposits and withdrawals for UK and EU users from August 23 under sanctions compliance measures. Justin Sun said HTX does not operate in the UK or EU and is n
Justin Sun said Binance’s planned HTX restrictions apply only to UK and EU users after the exchange announced transfer limits. Binance will stop processing HTX deposits and withdrawals from August 23, 2026, under sanctions compliance measures. Sun said HTX does not operate in either region and is negotiating settlements with regulators there.
Sun said he spoke with Binance about the restrictions involving HTX and other platforms. According to Sun, Binance confirmed that the measures concern its UK and EU users.
HTX does not conduct business in the UK or EU, Sun said. He added that settlement talks with regulators in both regions remain underway. Users affected during the negotiations can contact HTX customer support, according to Sun. HTX will then coordinate a resolution for those users.
The clarification followed Binance’s announcement that it would stop processing HTX transactions from August 23. The measure also covers deposits and withdrawals involving 10 other platforms.
Binance’s restrictions include platforms such as Rapira and EXMO. The list contains 11 platforms affected by the planned restrictions. The action follows expanded UK and EU sanctions tied to Russia.
The measures also relate to the European Union’s 21st Russia sanctions package. Regulatory reviews involving HTX began in May 2026. UK regulators raised concerns about HTX’s affiliations during that period.
However, no blanket transfer ban had taken effect as of August 14. Binance’s announced restrictions remain scheduled for August 23.
HTX’s ETH order book has thinned as the Binance deadline approaches. The change has reduced the number of visible buy and sell orders around current prices. The thinner book affects the amount of liquidity available for larger ETH trades on HTX.
Binance’s restrictions will also limit transfer routes between the two exchanges for affected users. Meanwhile, OKX, Bybit and Bitget have adjusted compliance policies since May. HTX, formerly known as Huobi, has faced regulatory scrutiny involving Sun and Russia-related sanctions.
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